Lawyers for former topless cabaret mogul Rick Rizzolo, who has continued to live a life of luxury despite legal troubles and millions owed in restitution, have negotiated a plea agreement with federal prosecutors to settle the Las Vegas businessman’s latest tax evasion charges.
Rizzolo faces two counts of tax evasion, accused of concealing $1.7 million and $861,075 in assets from the Internal Revenue Service. He strolled into federal court Friday, dressed in a suit and tie with his white hair slicked back, and spoke little during a brief hearing at which his impending plea agreement was discussed. U.S. District Judge Gloria Navarro postponed a change of plea hearing to next week, saying she wants to review sentencing documents from his previous criminal case before she accepts the plea.
The plea agreement’s terms, and the crimes to which Rizzolo intends to plead guilty, were not disclosed in open court. Arguments in court Wednesday revealed that Rizzolo’s defense attorney, Rich Tanasi, has negotiated a conditional plea agreement with prosecutors, meaning that the former casino high roller’s guilty plea would be contingent on a predetermined sentence agreed upon between his lawyers and the federal government.